In this photo taken Wednesday, March 8, 2017, the former pirate village of Eyl is viewed from a nearby hill, in Somalia's semiautonomous northeastern state of Puntland. (AP Photo/Ben Curtis)
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Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said.The group said the Aris 13 was preparing to go through a route known as the Socotra Gap, between Somalia and Socotra Island which vessels often use, regardless of the piracy risks, to save time and cost.That year, Oceans Beyond Piracy estimated the global cost of piracy at about $7 billion.However, attacks fell off sharply after ship owners tightened security and vessels stayed further away from the Somali coast.
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